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NY A00270
Bill
Status
Introduced
1/5/2011
Primary Sponsor
Michael Montesano
Click for details
AI Summary
- Increases the tax credit for long-term care insurance premiums from 20 percent to 25 percent of premiums paid during the taxable year
- Credit applies to premiums for purchasing or continuing coverage under a qualifying long-term care insurance policy under Insurance Law section 1117
- Effective January 1 following enactment and applies to all subsequent tax years
- Amends Tax Law section 210, subdivision 25-a, paragraph (a)
Legislative Description
Increases tax credit allowed for the premium paid for long-term care insurance from 20 to 25% .
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means1/5/2011
Full Bill Text
No bill text available